Americans are investing in their backyards and buying more swimming pools. Jeff Flock from FOX Business with more.
Are you considering a pool in the back yard?
Increasingly, families are trying to add this amenity to their backyards. Pools were the third most popular product on Google in May 2020. However, this is partly due to the coronavirus pandemic, which is limiting travel options in the United States, according to a report by the Burlington Free Press.
THE BEST WAY TO PAY FOR A SWIMMING POOL
For families new to garden pools, the cost may not be the clearest, considering so many factors are at play
According to the experts at Home Advisor, a pool can cost:
Average cost in the pool
A couple relax outdoors near their pool. (iStock)
In-ground pools are more expensive and require engagement than above-ground pools because excavation is required to install the pool. According to Home Advisor, the cost is anywhere from $ 35,000 to $ 65,000 for a standard no-frills in-ground pool.
Alternatively, the price can be broken down into $ 50 to $ 125 per square foot if a custom size is desired.
These costs could make you regret purchasing a swimming pool
The material that makes up an in-ground pool also adds to the price. Granite and concrete are the most expensive with a bandwidth of $ 35,000 to $ 100,000 or more, while fiberglass is in the middle of the street with a bandwidth of $ 20,000 to $ 60,000.
Vinyl is a slightly cheaper material, with a range of $ 20,000 to $ 50,000 for a single installation. However, according to Home Advisor, this material must be replaced after 10 years.
Above-ground pool costs
Aboveground pools are much cheaper because no excavation is required. According to Home Advisor, the cost for a family will range from $ 1,500 to $ 15,000, depending on their size.
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An above-ground garden pool on a terrace. (iStock)
In May, above-ground pools became increasingly popular during the pandemic because they can be installed quickly, American Sale’s pool and spa expert Chris Boswell told FOX Business.
A 24-foot round above-ground pool costs between $ 5,000 and $ 6,500 with an installation service, and an 18-by 33-foot oval pool costs between $ 9,000 and $ 10,000, Boswell said. Installing it yourself can save a family $ 1,000, he said.
Inside
A large indoor pool with spa in an estate. (iStock)
Indoor pools are the most expensive pools, according to Home Advisor. The cost of a brand new indoor pool built from scratch is slated to start at $ 200,000. However, this estimated cost can be brought down to a range of $ 10,000-20,000 when remodeling an interior structure such as a garage or basement for the pool.
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A proper pool house costs $ 80 to $ 300 per square foot and a dehumidifier system costs $ 10,000 to $ 30,000, according to Home Advisor.
Pool upgrades
A swimming pool with a diving board facing a large red brick house. (iStock)
Pool upgrades improve a swimmer’s experience, although there is an additional cost to it. A hot tub or spa costs between $ 3,500 and $ 36,000 to install, and a decorative waterfall costs between $ 1,500 and $ 5,000, according to Home Advisor. A stepping stone can cost anywhere from $ 300 to $ 5,000.
Standard covers can cost anywhere from $ 600 to $ 2,200. Screens and enclosures can range from $ 4,800 to $ 14,300.
Saltwater systems that convert chlorine to saline solution can cost anywhere from $ 1,000 to $ 5,000. This is cheaper than a full saltwater pool, which Home Advisor estimates can cost anywhere from $ 12,000 to $ 25,000.
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These cost estimates do not reflect the annual maintenance fees.
According to the market research company technavio, the swimming pool market has the potential to grow by 3.56 billion US dollars by 2024.
FOX Business Reporter Jeff Flock contributed to this report.
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